Frier Vest Holding AS strengthens its position with a new investment of NOK 100 million from Siva - the Company for industrial growth. With the investment, the state now has an ownership stake of almost 34% in Frier Vest Holding AS.
The capital injection increases the equity in Frier Vest Holding AS, and is essential for realizing both ongoing and planned projects.
– This is an important step for further development of the industrial area. With Siva's new capital injection, we are even better equipped to meet the challenges and opportunities of the future, says Øyvind Hasaas, chairman of Frier Vest Holding AS.
The increased equity contributes to strengthening Frier Vest's competitiveness as an attractive location for future green industry. Siva, which is already a significant player on the ownership side, has with this investment provided further support to ensure long-term and sustainable development of the area.
After the investment, Frier Vest Holding AS is now owned by Grenland Havn IKS (45.94%), Siva (33.94%) and Bamble municipality (20.11%).
Steinar Jørstad, Siva's director of ownership and property.
Siva has been an important player in the development of Frier Vest, and this new investment underlines the commitment to contribute to growth and value creation in the region.
Steinar Jørstad, Siva's director of ownership and property, states:
– Our involvement in Frier Vest is about accelerating the development of an internationally attractive industrial area. With this new capital, we have a solid foundation for further growth and the opportunity to attract new investors and partners.
The increased equity gives Frier Vest a more predictable and sustainable development. Siva's presence on the ownership side gives the company a strong financial backing, which is crucial in the work to develop the area into a leading green industrial park.
Grenland has a long tradition in industry, and Siva's role in the region stretches back to their time on Herøya. Through its investments in Frier Vest, Siva wants to ensure that the area is developed more quickly and in a way that promotes sustainability and efficiency.
– Our vision is to contribute to the establishment of green industrial parks in a predictable and cost-effective way. Through close cooperation with the industry and other players, we facilitate innovative and forward-looking solutions for industrial buildings and industrial parks, says Jørstad.
With this new capital injection from Siva, Frier Vest is well positioned to become an international hub for green industry, and this milestone marks an important step on the road to a sustainable future.
